Navi Title Agency

Cave Creek, AZ 85331

Single-Family Homes

Here is your weekly Market Update!



Cave Creek, AZ 85331

Fri Jun 02 2023
This week the median list price for Cave Creek, AZ 85331 is $1,209,000 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has decreased to 77. Click here to stay informed with the Cave Creek market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Cave Creek, AZ 85331

Fri Jun 02 2023
This week the median list price for Cave Creek, AZ 85331 is $1,209,000 with the market action index hovering around 44. This is about the same as last month's market action index of 44. Inventory has decreased to 77. Click here to stay informed with the Cave Creek market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.

Real-Time Market Profile

Never miss important changes in the Cave Creek market.
Median List Price $1,209,000
Median Price of New Listings $1,000,000
Per Square Foot $404
Average Days on Market 121
Median Days on Market 63
Price Decreased 47%
Price Increased 1%
Relisted 5%
Inventory 77
Median Rent
Market Action 44
Slight Seller's Advantage

The market for this zip code continues its bounce again this week. We're a long way from the market's high point so watch the Market Action Index to predict how long this trend will last.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$2,500,000 4,205 2.5 - 5 acres 4 4.5 18 0 1 126
$1,599,000 3,644 1 - 2.5 acres 4 3.5 20 3 4 84
$1,000,000 2,868 1 - 2.5 acres 4 2.5 17 4 2 84
$694,500 2,071 6,500 - 8,000 sqft 3 2 28 2 4 28